DuPont Management DEFRAUDING Investors on Imprelis?!
What Are the True Expected Costs & Charges from the Largest 21st Century New Product Failure in America Corporate History?
Good Morning, Bonjour, Guten Tag, Buon Giorno,
Investors, last week Federal District Court Judge Richard Wright unsealed his sanctions against a corrupt DuPont in the Monsanto patent theft case, and disclosed DuPont officials and their in-house little lawyers had not only committed FRAUD AGAINST THE COURT, but fraud against investors and the public as well for over a year!
We are more than mildly curious: Is DuPont Management lying and defrauding investors on the magnitude of the gigantic environmental disaster, namely tree-killing Imprelis?
In a purposefully vague footnote to last quarter's earnings announcement, Oct. 23, 2012, DuPont Management claimed that charges against earnings for the past five quarters totaled $615 million and may reach $700 million. BUT these Imprelis charges are seemingly only for resolving claims through the Company's conflicted internal "process". Nothing is revealed about the magnitude of potential liability for thousands of Imprelis claims in hundreds of federal and state lawsuits filed to date. No amounts have been set aside for contingent Imprelis litigation liabilities.
We believe DuPont's secretive and evasive Management may be deliberately spinning and misrepresenting the true expected cost of their massive Imprelis Consumer Fraud. In our opinion, the understatement could be circa $1.5 to $2 billion or more, when total cumulative costs are ultimately tallied.
At this Delaware-based chemical conglomerate corrupt to the core, lying and fraud go on and on 24/7.
Merely, of course, the individual opinion and morning comments of one retail investor, DD shareholder, and long-time student of the ethically degraded DuPont...funfun..